Capital, Labor, and Productivity

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Capital, Labor, and Productivity

IN A PREVIOUS PAPER I explored two suggestions about how to understand time-series and cross-country variations in measured total factor productivity growth: increases in the labor force might slow technological change and increases in capital might speed it up. 1 Neither suggestion was new. The conjecture about the effect of labor dates back, at least, to attempts to explain the divergence in ...

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Productivity, Capital and Labor in Labor-Managed and Conventional Firms

Despite a continuing interest in the compared efficiency of labor-managed and conventional firms, only a handful of comparative empirical studies exist. These studies suggest that labor-managed firms have the same productivity levels as conventional ones, but organize production differently. However, the data used in these studies cover a single industry, or firms matched by industry and size i...

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Productivity , Capital and Labor in Labor - Managed and Conventional

Despite a continuing interest in the compared efficiency of labor-managed and conventional firms, only a handful of comparative empirical studies exist. These studies suggest that labor-managed firms have the same productivity levels as conventional ones, but organize production differently. However, the data used in these studies cover a single industry, or firms matched by industry and size i...

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Human capital and productivity

......................................................................................................................... 3 Executive summary ....................................................................................................... 4 Formal learning and non-certified learning ................................................................................. 4 Foundation skills .......

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Human Capital and Productivity

This paper surveys the empirical literature on human capital and productivity and summarizes the results of my own work on the subject. On balance, the available evidence suggests that investment in education has a positive, significant and sizable effect on productivity growth. According to my estimates, moreover, the social returns to investment in human capital are higher than those on physi...

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ژورنال

عنوان ژورنال: Brookings Papers on Economic Activity. Microeconomics

سال: 1990

ISSN: 1057-8641

DOI: 10.2307/2534785